Friday, October 28, 2005

Stock Markets Morning News 10/28/2005

Stocks up on firm economic growth

Reuters - Stocks rose on Friday, buoyed by a report showing faster-than-expected third-quarter economic growth, which helped investors shrug off Microsoft Corp.'s disappointing outlook and a bigger-than-expected drop in a consumer sentiment gauge.

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Stocks Rally on Upbeat Economic Growth

Traders on the floor of the New York Stock Exchange (NYSE). The US economy grew at a 3.8 percent rate in the third quarter according to data released that were above expectations in a period that saw Hurricane Katrina batter the US oil industry(AFP/File/Tim Clary)AP - Stocks rallied Friday after new data showing better-than-anticipated economic growth last quarter signaled the nation was able to withstand the destruction of hurricanes Katrina and Rita.


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Stock markets higher as U.S. GDP comes in higher than expected

Canadian Press - TORONTO (CP) - North American stock markets rose Friday as third-quarter U.S. economic growth came in better than expected and investors took in a billion-dollar offer for retail giant Hudson's Bay Co.

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Wall Street set to open lower

Reuters - Shares on Wall Street look set for a fourth straight day of losses on Friday after Microsoft's mixed earnings update and ahead of a report that could show another drop in consumer confidence.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar hits 2-yr high vs yen

Reuters - The dollar rose above 116 yen for the first time in two years on Thursday as investors bought the currency on prospects that the interest rate gap between the United States and Japan would widen even further.

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Dollar above 116 yen first time in 2 yrs

Reuters - The dollar rose above 116 yen for the first time in 25 months on Thursday, breaking through a key psychological barrier with the help of prospects for higher U.S. interest rates.

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Stocks slip as oil climbs

Reuters - Stocks ended slightly lower on Tuesday as a jump in crude oil prices fueled concern that higher energy prices would crimp household budgets further and a closely watched gauge of consumer confidence dropped unexpectedly in October.

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Goldman E-Mails Show NYSE-Archipelago Deal

AP - A Goldman Sachs Group Inc. employee expressed surprise in a series of e-mails about the investment bank's unusual — some say conflicting — roles in shepherding the New York Stock Exchange's acquisition of Archipelago Holdings Inc.

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Stocks poised for rally despite unease

Reuters - Worries about oil prices, a possible housing bubble and inflation have all conspired to keep the wraps on a U.S. stock market that may finally be showing signs it will reverse course after a sluggish year.

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